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Mortgage Rates: Where Will They Go Next? Thumbnail

Mortgage Rates: Where Will They Go Next?

The average 30-year mortgage rate on conforming loans is currently 3.1%. The US 10-year Treasury yield predicts it should be 3.4%, suggesting mortgage rates will not fall further unless the 10-year yield continues to fall. To get a good idea of where mortgage rates are headed, follow the bond market.

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